An investment group led by a pair of Albuquerque, New Mexico’s top amateur golfers has been created to acquire the city’s Four Hills Country Club.
Jerry and Larry Lujan, who are brothers, are trying to hammer out a deal with the mortgage company that controls Four Hills Country Club, a 55-year-old property that the Albuquerque Journal describes as being “beleaguered.”
If the Lujans and their four partners are successful, they plan to change Four Hills’ name to The Canyon Club and to make improvements to its Bob Baldock-designed course.
“It will be a brand-new club,” Jerry Lujan told the Journal.
Four Hills’ members have reportedly blessed the Lujans’ proposal. The Lujans believe that The Canyon Club can attract 200 equity members (initiation fee: $25,000) and 150 non-equity members.